The government is launching a public input process to craft real estate policy.
On the 14th, the Ministry of Economy and Finance said it would begin a public participation process to gather opinions for real estate policies that the public agrees with.
From today through the 16th, the government will hold three days of sector-specific forums. On the first day, today, the Ministry of Land, Infrastructure and Transport will take up the dwellings supply (regulation) sector; on the 15th, the Financial Services Commission will discuss the dwellings finance sector; and on the 16th, the Ministry of Economy and Finance will address the real estate tax system sector.
The forums will proceed with presentations on key issues followed by discussion among participants, and the entire process will be livestreamed. Participants may freely present supporting or opposing views on policies they have experienced in real life.
To allow people who find it difficult to attend in person to offer views on real estate policy, a website will operate from the 14th. The online channel is divided into three areas—dwellings supply (regulation), dwellings finance, and real estate taxation—and anyone can choose an area of interest and submit opinions on the main discussion topics.
To comprehensively discuss the key opinions raised through the earlier sector-specific forums and the website, a large-scale forum presided over by the president will be held on the 23rd.
Based on the opinions submitted in advance offline and online, additional questions and discussions will follow.